Alabama can play texas am close and still be considered an elite team because of their track record (F+ ranking, team talent, SEC championships, national championships, etc.)
NDs track record is that of a program that will play a mid-teens team like 2024 Texas A&M close (if not lose to them). it's a 50/50 kind of game.
When you are a legit NC contender, you aren't an underdog vs mid-teens-ranked-teams
When you are a legit NC contender, you run over teams like '24 Texas A&M or at least make easy work of them.
If you are a legit NC contender, you shouldn't be in a dogfight struggling to stop the 13th ranked team in the country or struggling to move the ball against them.